Bitcoin climbs above $64,000 while most majors slip
Miners have cut their computing power by a fifth over three quarters to make room for AI, and Venice's token jumped 10% after the company said it crossed $100 million in annualised revenue.
Bulls are stacking longs, liquidity is thinning and one key level could trigger large liquidations.
Bitmine Chairman Tom Lee says the ETH/BTC ratio has broken above a multi-year downtrend. He reads the shift as markets pricing in tokenization and agentic-AI demand for Ethereum (ETH). The comment accompanied BitMine’s weekly treasury update. It showed the company sharply slowing its Ethereum purchases while stepping up its own stock repurchases.
August 18, 2026, 4:40 amJane Street informed the US Securities and Exchange Commission that it possessed more than $990 million worth of spot BTC ETFs, which equals approximately 15,394 BTC at now existing prices. This is an important position because Jane Street is not merely another institutional investor.
August 18, 2026, 4:40 amMiners have cut their computing power by a fifth over three quarters to make room for AI, and Venice's token jumped 10% after the company said it crossed $100 million in annualised revenue.
Fundstrat says bitcoin's calm trading range signals a 30% swing is coming, which could push BTC to $83,200 or $44,800.
The S&P 500 closed down 0.52% on Monday while Bitcoin surged past $64,000, a sharp divergence just two days before the Federal Reserve releases its July meeting minutes. Markets are now in a holding pattern, with every asset class waiting for a single document to set the direction.
Jane Street disclosed a $990 million bitcoin ETF stake after a $15 billion loss, but it may not signal bullishness on BTC.
Bitcoin's potential for 30% price swings highlights the importance of strategic timing in trading, as missing key days can drastically affect returns.
Bitcoin exchange balances have recovered 84% of a six-week decline, weakening claims that ETF demand is creating an immediate shortage. Santiment data shows the reversal unfolded in less than three weeks. Bitcoin Exchange Supply Reverses Bitcoin’s exchange supply reached its highest level since June 15, Santiment Intelligence shared on Aug.
The taker buy volume was at historically low levels, a condition that has accompanied previous cycle…
Wall Street says 5% Treasury yields won't break stocks, but Bitcoin has fallen 46% as gold surged on the same yields.
The US's strategic embrace of Bitcoin could reshape global financial dynamics, challenging China's stance and influencing digital asset policies.